Cerecor signs deal with Merck for potential CNS drugs

Baltimore-based biotech firm Cerecor secured exclusive global rights to develop and market compounds that inhibit catechol-O-methyltransferase from Merck & Co. Cerecor said the agents have the potential to be used as treatments for addiction, schizophrenia and other central nervous system disorders. Cerecor will review more than 2,000 drug candidates and select some for clinical development. Merck could get milestone fees and sales royalties.